MISMO®, the real estate finance industry's standards organization, today announced the release of the Artificial Intelligence (AI) Glossary, a resource designed to establish a shared vocabulary for AI across mortgage finance.

The glossary serves as a growing collection of key AI terms and definitions to foster a shared language and mutual understanding among all industry stakeholders. As AI technology continues to evolve, new concepts, methodologies, and terminologies emerge. This resource will be regularly updated to reflect the latest advancements and is available for the entire industry to use.

“Artificial intelligence is transforming every part of the mortgage industry,” said Acting MISMO President Rick Hill. “By creating a common vocabulary, the AI Glossary provides the foundation for consistency and clarity, helping lenders, servicers, regulators, and technology providers better collaborate and innovate responsibly.”

The release of the glossary marks the first step in MISMO’s broader efforts to support the industry’s adoption of AI through standards, best practices, and guidance. Industry participants are encouraged to suggest new terms and contribute feedback to ensure the glossary reflects the evolving landscape of AI in mortgage finance.

MISMO’s work to solve key industry challenges is made possible through the support of its members, champions, sponsors, and lenders (via the Innovation Investment Fee). To learn more about MISMO and opportunities to participate, visit MISMO.org.